Boosting data-driven innovation in Europe with the support of DIHs
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The document summarizes REACH, a European incubator program that aims to boost data-driven innovation. Over 3 years, REACH will select and fund over 100 startups and SMEs through 11-month incubation programs. It will connect these companies with large corporations and Digital Innovation Hubs to help develop new Data Value Chains. The incubator seeks to break down data silos and enable multi-stakeholder collaboration across sectors to generate sustainable solutions using data analytics. DIHs play a key role by defining challenges, sharing relevant regional data, and supporting startups throughout the incubation process.
Boosting data-driven innovation in Europe with the support of DIHs
- 1. Boosting data-driven innovation in Europe with the support of DIHs Prof. Diego López-de-Ipiña Incubation Process Coordinator in REACH, University of Deusto dipina@deusto.es
- 2. Story behind REACH Incubator Creation of cross sector Data Value Chains (DVCs) towards large-scale deployment of data-based products and service Support for data driven innovation experiments with secure and privacy- aware analytics solutions The EC and EU ecosystem is pushing towards greater • Data access, • sharing • security • Use of AI & ML and • environment of trust
- 3. A Data Value Chain represents a multi-stakeholder data workflow where by applying data analytics, both data and solution providers reciprocally benefit through joint exploitation models
- 4. About REACH Innovation Action project funded by the EU launched in September 2020 • REACH is a 2nd-generation Big Data incubator, builds on the successful efforts of European Data Incubator to accelerate data-driven innovation • REACH connects data corporations and Digital Innovation Hubs with startups/SMEs to enable the development of DVCs based on industrial and private data • Over the period of 3 years, we will select, incubate and coach +100 data-driven SMEs and startups in 11-month incubation programmes • Distribute 3.5mil EUR in equity free funding to SMEs (up to 120K EUR per organization)
- 5. The concept behind REACH Incubator Startups and SMEs get to grow their business whilst solving a big data challenge Large European Corporations have a big data challenge solved by participants Embark on an open Innovation journey, where startups/SMEs, large corporates and DIH’s work together towards creating novel data value chains Digital Innovation Hubs providing support
- 6. Our final aim is to demonstrate that Data Silos can be broken by enabling a multi-stakeholder cross-sectorial collaboration to boost data-fuelled sustainable solutions.
- 7. The REACH Core Consortium
- 8. The REACH Data Providers and DIHs Data Providers Digital Innovation Hubs
- 9. REACH Incubator • A multi-stakeholder ecosystem of actors in data value chains • Aim is to select, incubate and coach +100 data- driven SMEs and startups (distribute 3.5mil EUR ) • Focus on: data access, data sharing and usability, data security, AI, and Trust framework. • Three annual incubation rounds • 2nd round launched 22nd November 2021 • Each round: 11 month long focus on business- oriented experimentations • Each round has specific calls for Data Providers, Investors and DIHs Data sets Technologies Services Business Models Development Private investment Market launch Analysis Support Channels Networks
- 10. What do we offer to startups/SMEs? UP TO 120K€ IN EQUITY FREE FUNDING ACCESS TO LARGE CORPORATIONS AND THEIR DATA SETS REACH TOOLBOX VISIBILITY BIG DATA INFRASTRUCTURE DIGITAL AND BUSINESS SKILLS ACCESS TO PRIVATE INVESTMENT
- 11. REACH Incubation Timeline REACH is a four-phase incubation programme: Explore. Experiment. Evolve. Expose The best solution per incubation round will be awarded €20K (as Slush)
- 12. A DIH is an orchestrator of the R&I actors in a geographical region that serves as a one-stop shop for SMEs to access services to pursue their digital transformation. DIHs participate in REACH as catalysts of new Data Value Chains in their region, helping to break the data silos among different sectors and stimulating innovation where value is driven by data sharing Role of DIHs in REACH Incubation Programme
- 13. Italia, Emilia-Romagna Greece, Thessaloniki Spain, Valencia Latvia, Riga France, Paris region REACH DIHs
- 14. Benefits for Digital Innovation Hubs BECOME PART OF THE REACH INCUBATION PROGRAMME CONTRIBUTE TO THE UNLOCKING OF THE DATA ECONOMY ENGAGE WITH THE ECOSYSTEM SET UP NEW THEME-DRIVEN CHALLENGES ALIGNED WITH DIH ECOSYSTEM/REGION NEEDS FACILITATE ACCESS TO DATA AND PROMOTE DIH SERVICE OFFERINGS ENGAGE REGIONAL NETWORKS IN DATA INCUBATION & ACCELERATION SUPPORT SERVICES TAP INTO INNOVATION & INVESTMENT OPPORTUNITIES DRIVE & SUPPORT THE IMPLEMENTATION OF CUTTING-EDGE SOLUTIONS ENROL INCUBATED STARTUPS/SMEs AND ENHANCE DIH ECOSYSTEM PARTNERSHIPS
- 15. DIH involvement in REACH incubator TRACK 1 1. Propose a data-driven sector theme & challenges relevant to your region/ecosystem (e.g. RIS3 priorities) 2. Prepare the samples of data they will eventually share with the startups to address the theme challenges proposed 3. Participate in the dissemination of the open call to involve their regional SMEs/Startups 4. Participate in the evaluation and selection of the startups 5. Possibility to mentor with the selected startups in their development phase, and/or possibility to track/engage with them in their later stages 6. Facilitate startups/SMEs access to your DIH network/channels 7. Possibility to become REACH Incubation Programme adopters Startups will tackle the challenges defined by the Digital Innovation Hubs
- 16. Data Value Chain Themes Application Track 1 – Theme Driven • Digital Innovation Hubs propose multi-stakeholder cross-sectorial Data Value Chain (DVC) themes, that are to be tackled by Track 1 applicants (through Startup & SME open calls). • DVC themes and their respective data challenges represent the most pressing issues from key European industrial sectors. • Applicants are to leverage on the domain knowledge and DIH’s and Data Providers datasets, or make use of external datasets to tackle these themes.
- 17. REACH Themes and challenge sectors DIGITAL MARKETING MEDIA HELTHCARE & INSURANCE FINANCE MANUFACTURING & INDUSTRY AGRICULTURE ENERGY RETAIL CIRCULAR ECONOMY TOURISM & ENTERTAINMENT SOCIAL SERVICES
- 18. REACH cohort 1 end of EVOLVE: Slush 2021!
- 19. REACH OC2 Ways to apply Deadline: February 22nd 17:00